Veteran quarterback Tom Brady has signed a two-year, $50 million contract with the Tampa Bay Buccaneers, ESPN’s Adam Schefter reported Friday morning.
According to Schefter, the deal is fully guaranteed and includes another $9 million in performance-based incentives split evenly over the two years. According to the Boston Globe‘s Ben Volin, Brady’s incentives fall into two categories: regular-season statistics and postseason play.
- He can earn up to $2.25 million each year for finishing within the league’s top five in passer rating, passing touchdowns, passing yards, completion percentage, and yards per attempt.
- He can earn up to another $2.25 million each year for making the playoffs, advancing in the playoffs, and advancing to the Super Bowl — all while maintaining a certain threshold of playing time.
The contract also prohibits trades and franchise tags, which means Brady can once again enter unrestricted free agency in 2022 when he will turn 45 years old.
Said Schefter: “The fact that new Tampa Bay QB Tom Brady included a clause that prevents the Bucs from tagging him after two years means he has ideas of playing beyond this contract.”
Earlier Thursday, Brady shared a photo, taken by his 12-year-old son Jack, of his contract signing.
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Excited, humble and hungry …if there is one thing I have learned about football, it’s that nobody cares what you did last year or the year before that…you earn the trust and respect of those around through your commitment every single day. I’m starting a new football journey and thankful for the @buccaneers for giving me an opportunity to do what I love to do. I look forward to meeting all my new teammates and coaches and proving to them that they can believe and trust in me…I have always believed that well done is better than well said, so I’m not gonna say much more – I’m just gonna get to work! #Year1 p.s. Jack Brady with the photocred 😀